Judgment Time … Options Include: 1) get bearish S&P for a trade; 2) don’t fight the primary trend -- this is a melt-up, and there are good (macro) reasons behind it; 3) simplify the portfolio; wait for better location to re-load length.
"Data also suggest that African-Americans are now leaving the region at a significantly faster rate than whites. That suggests that rising crime rates and the loss of jobs on Chicago's South and West Sides are continuing to encourage residents to look elsewhere for a better life."
The median age of millennials is 30 - meaning that half are older and half are younger - and 30 happens to be the age at which millennials tend to self-identify as adults according to new research by CBS.
Despite what appears to be an inflection point of radical change, most of which remains unknown, the consensus opinion of professional economists and markets, in general, are well-aligned, optimistic and seemingly convinced about how the economy and markets will evolve throughout the year. The consensus forecast based upon an assessment of economic projections from major financial institutions appears to be the result of a Ph.D. echo chamber, not rigorous independent analysis.
More than a year after hyperinflating banana republic Venezuela stopped reporting official inflation data, Venezuela has stopped publishing money supply data, depriving the general public of the last, and best, available tool to ascertain soaring inflation in what has become the world's worst-performing economy.